Your Daily Dose of BuzzFlash at Truthout, via my pal Mark Karlin:
A recent study by the International Forum on Globalization (IFG), provides evidence that the Koch Brothers could earn at least $1 billion from Alberta tar sand land holdings (with additional profit from their processing plants and related products and services). This is despite the unconvincing Koch Brothers claim that they have no personal interest in the pipeline.
That disconnect reflects a larger problem that befuddles the northern section of the Keystone XL Pipeline decision. Tar sands oil is already flowing into the US and the Koch Brothers are already profiting from it through its conversion into petroleum coke. [...]
Major tar sands oil pipeline spills have already occurred in Michigan and Arkansas. And the southern leg of the Keystone Pipeline -- the one Obama approved -- has already needed 125 repairs from faulty pipes, and it hasn't even started flowing yet. [...]
The carbon bomb come at either end of the process: primarily in the extraction of tar sands oil in Alberta and in the refining or conversion to petroleum coke at the other end of the pipeline. [...]
The carbon bomb comes from the increased processing that will result from a northern pipeline with more capacity; in short the size of the carbon bomb will be increased because more tar sands oil will be able to be extracted and carried efficiently (otherwise more train tankers and land transport options will need to be used, which will slow the processing and profit down). [...]
"The Kochs have repeatedly claimed that they have no interest in the Keystone XL Pipeline, this report shows that is false.” Said Nathalie Lowenthal-Savy, a researcher with IFG. “We noticed Koch Funded Tea Party members and think tanks pushing for the pipeline. We dug deeper and found $100 billion in potential profit, $50 million sent to organizations supporting the pipeline, and perhaps 2 million acres of land. That sounds like an interest to me.”
The report also asserts that the more money the Kochs and their ilk make from accelerating climate change beyond the tipping point, the more funds they will have to continue lobbying to increase the impact of their destruction of planet earth.
Please read the entire post here.